Manesh Samtani
Manesh Samtani is the Editor at Regulation Asia, where he leads the regional news desk from Hong Kong, directing coverage of critical regulatory developments impacting financial services across APAC. Manesh specialises in analysing how new rules and technologies are reshaping banking, capital markets, and the fight against financial crime, providing finance professionals, compliance leaders, and policymakers with the intelligence they need to navigate risk and understand the impact of regulatory change in the region. manesh@regulationasia.com
Articles by Manesh Samtani
Payments & Settlements
MAS Grants New Payment Services Licences to FOMO Pay
01/09/2021
MAS has granted three new licenses to FOMO Pay, including a DPT services licence. More new licences are expected to be announced shortly.
Supervision & Enforcement
SFC Suspends Former Emperor Representative for 2 Years
01/09/2021
The broker transferred client money through bank accounts he owned to help two clients transfer money to/from the Mainland, among other violations.
Trading & Investment
Korea FSS Outlines Key Risks of Investment in SPACs
31/08/2021
13 SPAC IPOs in Korea this year were oversubscribed 169.4 to 1. Historically, 85 of 133 SPACs completed mergers, a success rate of 63.9%.
Anti-Money Laundering
FATF Releases Mutual Evaluation Report for Japan
30/08/2021
The report says more needs to be done to combat organised crime and WMD proliferation risks, and a joint-agency body should be designated for setting national AML/CFT policies.
Data Privacy
ABS Offers Standardised Approach to Bank Data Sharing
30/08/2021
A new Data Sharing Handbook provides a framework for banks and non-bank ecosystem partners to share data in a safe, secure and responsible manner.
Conduct, Culture & Accountability
APRA Finalises Prudential Standard on Remuneration
29/08/2021
The prudential standard on remuneration will come into effect from 1 January 2023 initially for the largest and most complex ADIs.
Trading & Investment
US Treasury ‘Will Not Adjudicate’ on LIBOR Replacement Rates
26/08/2021
Nonfinancial corporations were seeking clarity on alternative rates and help to address difficulties obtaining loan agreements based on SOFR.
Anti-Money Laundering
FSC Korea Confirms Plans for Dedicated Crypto Bureau at KoFIU
26/08/2021
24 of the 63 crypto exchanges operating in Korea have not yet applied for ISMS certification, a KoFIU registration requirement that takes months to obtain.
Reporting & Disclosures
SGX RegCo Proposes to Phase in Mandatory Climate Reporting
26/08/2021
SGX also proposes an assurance requirement for sustainability reports and the introduction of a new ESG data portal for issuers and investors.
PEPs & Sanctions
Screening Financial Instruments for Investment-related Sanctions Risk
26/08/2021
Refinitiv identified over 190,000 financial instruments relevant to the US investment ban against Non-SDN Chinese Military-Industrial Complex Companies as of 28 July.
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